A whale sold 674 million PUMPs, incurring a loss of $409,000.

CryptoQuant reports that Bitcoin rebounded to $80,000 before falling back to the $75,000-$76,000 range, primarily due to a sell-off in US tech and AI stocks. While futures market positioning has improved, spot buying has not yet recovered. On November 5th, approximately 11,000 BTC flowed out of exchanges. The 60-day cumulative increase in holdings for wallets holding more than 10,000 BTC turned positive, but retail BTC inflows into Binance increased, putting selling pressure on short-term holders. Furthermore, Bitcoin ETF fund flows and stablecoin liquidity remained weak. Bitcoin needs new buying to sustain its rebound. The key levels to watch are the $73,000 to $76,000 support range, as well as changes in spot demand, ETF flows, and stablecoin liquidity.

In an AMA, Robinhood co-founder and CEO Vlad Tenef stated that Robinhood Chain aims to become the preferred public chain in the RWA and Meme space. The stock token is now available on the Robinhood Chain and open to developer building, allowing AI Agents to interact directly with it. Robinhood is showcasing on-chain content and popular tokens in the Robinhood Wallet and main app.

As Kaia transitions to a permissionless network, existing KAIA staked in public trusts needs to be migrated to the new staking contract. Staking of KAIA will not be automatically migrated; users must manually withdraw their staked KAIA from the existing contract and deposit it back into the new contract. The process includes applying for withdrawal, waiting 7 days, withdrawing, and depositing back. Kaia will release a user guide on November 13th, and the Kaia Portal will open the migration menu and accept withdrawal requests on November 17th. Withdrawals and re-deposits will be available from November 26th. The migration menu will guide users to migrate to the new staking contract corresponding to their current delegated GC. This transition includes deploying the new staking contract and executing the network hard fork. CR Mission 1 participants who complete the migration according to the above schedule will have their KAIA staking contribution recognition remain unchanged.

The Hong Kong Special Administrative Region government plans to implement a reporting system for crypto assets starting in 2027, covering assets such as Bitcoin, Ethereum, and Solana. Chan Ho-lim, Under Secretary for Financial Services and the Treasury, stated that relevant service providers will be required to register with the tax authorities and maintain due diligence records. A dedicated team has been established to provide technical support. (Source: Caijing Magazine) The crypto industry is focused on the scope of service providers covered in the tax guidelines, as well as the impact of the initial list of exchange partners on cross-border tax information exchange after 2028.

A whale has transferred $98 million worth of BTC out of Binance. This asset consisted of 5,699 BTC that were deposited a year ago at an average price of $89,291.